GRMN Q2 2022 Earnings — Garmin Ltd. Revenue & Financial Results | Market Cap Arena

GRMNGarmin Ltd.

$46B

Q2 2022 Earnings

Technology Hardware, Equipment & Parts

Income Statement

Revenue

$1.2B-6.5% YoY

Gross Profit

$729M58.7% margin

Operating Income

$293M23.6% margin

Net Income

$258M20.8% margin

EPS (Diluted)

$1.33

QoQ Revenue Growth

+5.8%

Cash Flow

Operating Cash Flow

$80M

Free Cash Flow

$4M

Stock-Based Comp.

$15M

Balance Sheet

Total Assets

$7.8B

Total Liabilities

$1.9B

Stockholders' Equity

$5.9B

Cash & Equivalents

$1.1B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.2B	$1.3B	-6.5%
Gross Profit	$729M	$781M	-6.7%
Operating Income	$293M	$371M	-21.1%
Net Income	$258M	$317M	-18.7%

Revenue Segments

Outdoor

$382M31%

Fitness

$272M22%

Marine Segment

$243M20%

Aviation

$205M17%

Automotive Mobile

$139M11%

Geographic Segments

Americas

$646M52%

EMEA

$413M33%

Asia Pacific

$182M15%